The main factors that have driven the worldwide market in recent years are easy availability, convenient packaging, rapid urbanization, change in eating habits, and improvement within the standard of living.
Other factors like the expansion in consumer preferences for convenience foods to save lots of time and efforts, including the increase in demand for applications like snack foods and ready meals, are expected to drive the expansion of this market during the forecast period.
The global market has been segmented on the idea of channel into foodservice and retail. Potato processing are gaining importance within the foodservice segment due to the expansion of food delivery channels and increase in demand for nutriment. Aside from the demand from full-service and quick service restaurants, increase within the number of national and international brands within the hotel industry is predicted to drive the demand for potato products within the foodservice industry during the forecast period.
COVID-19 Impact analysis
- As per Cedric Porter, manager of World Potato Markets magazine, the Corona-infection significantly affects the worldwide potato industry since its disclosure and spread recently.Coronavirus was on the surge as farmers in the northern half of the globe arranged to plant potatoes. Numerous producers in world planted more table assortments in light of expanded purchaser interest for these potatoes fell strongly.
Top Impacting Factors
- The Potato processing market has been segmented into frozen, chips & snack pellets, dehydrated, etc. The frozen segment dominated the worldwide potato processing market, and this trend is predicted to continue through the forecast period.
- Frozen potato products are highly consumed due to the rise in demand for french-fried potatoes, served in restaurants and nutriment chains, worldwide. The chips & snack pellets segment was the second-largest thanks to the growing popularity of potato chips among young population and simple availability.
- Processed potato products utilized in ready-to-cook & prepared meals may be a booming market thanks to the rise in consumer preference for food products, busy work schedules, and on-the-go consumption habits. aside from ready-to-cook & prepared meals, processed potato products also find applications within the snacks segment, like potato-based snacks with low carbs, low salt, air-dried, baked products with variety of flavors, which also drives the demand for potato processing market.
Market Trends
Organic and inorganic growth strategies
This covers the key developments within the potato processing market as organic and inorganic growth strategies. Various companies are specialized in organic growth strategies like product launches, product approvals etc.like patents and events. Inorganic growth strategies activities witnessed within the market were acquisitions and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from potato processing market are anticipated to lucrative growth opportunities within the future with the rising demand for potato processing within the global market. Factors affecting potato processing market from both demand and provide side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend.
Growth in restaurant quick service
Growing demand for processed potato products across the world is driving the necessity for the potato processing market. Moreover, an increasing number of quick-service restaurants worldwide is predicted to fuel the potato processing market within the upcoming time. Furthermore, the expansion of the retail landscape is additionally projected to influence the potato processing market significantly. Advancement in technologies and farming techniques is anticipated to get untapped opportunity for the market participants.
The "Global Potato Processing marketing research to 2028" may be a specialized and in-depth of the food and beverage industry with a special specialize in the worldwide market analysis. It aims to supply a summary of potato processing market with detailed market segmentation by type, application, channel and geography. the worldwide potato processing market is predicted to witness high growth during the forecast period. The report provides key statistics on the market status of the leading potato processing market players and offers key trends and opportunities within the market.
Key Benefits of the Report
- This study presents the analytical depiction of the potato processing industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the potato processing market share.
- The current market is quantitatively analyzed to highlight the potato processing market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed potato processing market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the Report
- Who are the leading market players active in the potato processing market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- What is "potato processing" Market prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the driving factors and opportunities in the market?
- What are the current trends and predicted trends?
- What are the challenges faced in the "potato processing" Market?
Potato Processing Market Report Highlights
| Aspects | Details |
 By Target Audience |
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 By Type |
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 By Distribution Channel |
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 By Application |
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 By Region |
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 Key Market Players | Lamb Weston Holdings Inc., The Kraft Heinz Company, J.R. Simplot Company, AGRANA Beteiligungs-AG, Intersnack Group GmbH & Co. KG, Agristo NV, Farm Frites International B.V., McCain Foods Limited, J.R. Short Milling Company, Idahoan Foods |
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